Accurate and Accessible Records Sample Clauses
The "Accurate and Accessible Records" clause requires parties to maintain records that are both correct and readily available for review. In practice, this means that all relevant documents, data, or logs must be kept up to date, free from errors, and organized in a way that allows authorized individuals to access them efficiently when needed. This clause ensures transparency and accountability by making it possible to verify compliance, resolve disputes, or conduct audits based on reliable information.
Accurate and Accessible Records. CONTRACTOR shall keep accurate records of all transactions connected with this AGREEMENT including, but not limited to, all correspondence and invoices, transaction tickets, or receipts issued at all FACILITIES. CONTRACTOR shall at all times maintain an accounting system acceptable to AGENCY's Auditor-Controller that uses generally accepted accounting principles for all services rendered and materials supplied, including additional and deleted work, in connection with this AGREEMENT. The records of CONTRACTOR will be open to inspection at any reasonable times by a representative to be designated by AGENCY. Persistent and/or multiple violations of this Paragraph shall constitute a major breach.